Five crypto transfers involving Kraken, Poloniex and Ethena carried a reported $468.3 million value on Wednesday, Nov. 11, with Ethena receiving the only transfer sent to an identified recipient.
Poloniex sent 179,999,990 Tether USDt (USDT) to an unidentified wallet, at a reported value of $179.9 million. Kraken's three transfers moved 2,535 Bitcoin (BTC) in total to unidentified wallets.
At 12:05 p.m. ET, Kraken sent 832 BTC valued at $61.8 million and 702 BTC valued at $52.1 million. A 1,001-BTC transfer valued at $74.3 million followed at 12:06 p.m.
At 12:04 p.m. ET, an unidentified address sent $100 million in PYUSD to Ethena. The five entries comprised four exchange outflows and one incoming transfer to Ethena.
The reported aggregate for all five movements was $468.3 million, while the four outflows were reported at $368.2 million. Adding the displayed individual values produces $468.1 million overall and $368.1 million for the outflows, respectively.
An earlier EconoTimes report on Poloniex receiving the same USDT amount documented an incoming transfer from an unidentified address. The earlier report and Wednesday's transfer record do not state whether the movements were related.
The listed transfers fell between 12:04 and 12:50 p.m. ET; the three-hour window closed at 1:05 p.m.
